London-based Swap has secured $40M in a Series B funding round led by ICONIQ Growth, with participation from Cherry Ventures, QED Investors, and 9900 Capital. This funding comes as e-commerce brands look for an all-in-one platform to manage various operations. Swap aims to enhance its product offerings, expand in the UK, US, EU, Australia, and Canada, and launch the new Swap Inventory product to optimize inventory management and data analysis.
"We have been impressed by Swap's product focus and velocity. As cross-border commerce becomes increasingly complex, we have seen Swap emerge as a valuable partner for direct-to-consumer brands by unifying fragmented global e-commerce operations into a cohesive platform."
"We believe the company is well positioned to be a leading software enabler of global e-commerce and are excited to support them on this journey."
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